S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20

National Bank Financial Brokers Lower Earnings Estimates for Lundin Mining Co. (TSE:LUN)

Thursday, November 25, 2021 | MarketBeat

Lundin Mining Co. (TSE:LUN) - Investment analysts at National Bank Financial reduced their FY2023 EPS estimates for shares of Lundin Mining in a research report issued to clients and investors on Tuesday, November 23rd. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings of $1.31 per share for the year, down from their prior forecast of $1.45. National Bank Financial currently has a "Sector Perform" rating and a $14.00 target price on the stock. Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, October 27th. The mining company reported C$0.29 earnings per share for the quarter, missing analysts' consensus estimates of C$0.31 by C($0.02). The business had revenue of C$952.44 million for the quarter.

Several other equities research analysts also recently issued reports on LUN. Cormark dropped their target price on Lundin Mining from C$17.00 to C$15.00 in a research report on Monday, August 2nd. BMO Capital Markets raised their target price on Lundin Mining from C$15.00 to C$16.50 in a research note on Thursday, November 18th. Royal Bank of Canada reduced their target price on Lundin Mining from C$13.00 to C$12.00 and set a "sector perform" rating for the company in a report on Wednesday. Haywood Securities lowered their price target on shares of Lundin Mining from C$16.00 to C$15.00 in a report on Monday, August 2nd. Finally, Raymond James set a C$13.50 price objective on shares of Lundin Mining and gave the company a "market perform" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of C$12.86.

LUN opened at C$10.45 on Thursday. Lundin Mining has a 12 month low of C$8.56 and a 12 month high of C$16.07. The company has a market cap of C$7.68 billion and a PE ratio of 9.13. The company has a current ratio of 1.86, a quick ratio of 1.43 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of C$10.08 and a 200 day moving average of C$11.06.

In other Lundin Mining news, Director Catherine Jean Garrett Stefan purchased 5,600 shares of the stock in a transaction on Friday, September 17th. The stock was acquired at an average cost of C$8.91 per share, with a total value of C$49,896.00. Following the completion of the purchase, the director now directly owns 62,000 shares of the company's stock, valued at approximately C$552,420. Also, Senior Officer Marie Inkster sold 53,686 shares of the business's stock in a transaction dated Tuesday, October 26th. The shares were sold at an average price of C$10.12, for a total value of C$543,184.21. Following the completion of the sale, the insider now directly owns 501,057 shares of the company's stock, valued at approximately C$5,069,594.51.

Lundin Mining Company Profile

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden.

Further Reading: Intrinsic Value

Earnings History and Estimates for Lundin Mining (TSE:LUN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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